MakeMyTrip Limited (MMYT) Revenue History
Annual and quarterly revenue from 2009 to present
MMYT Revenue Over Time (2009–2026)
MMYT Revenue Growth History
15 of 17 years with positive growth- FY2009 revenue growth
- N/A
- FY2010 revenue growth
- +21.9%
- FY2011 revenue growth
- +49.3%
- FY2012 revenue growth
- +57.6%
- FY2013 revenue growth
- +16.4%
- FY2014 revenue growth
- +11.6%
- FY2015 revenue growth
- +17.3%
- FY2016 revenue growth
- +12.1%
- FY2017 revenue growth
- +33.2%
- FY2018 revenue growth
- +50.9%
- FY2019 revenue growth
- -28.0%
- FY2020 revenue growth
- +5.3%
- FY2021 revenue growth
- -68.0%
- FY2022 revenue growth
- +86.0%
- FY2023 revenue growth
- +95.1%
- FY2024 revenue growth
- +32.0%
- FY2025 revenue growth
- +25.0%
- FY2026 revenue growth
- +6.7%
| Quarter | Revenue | YoY |
|---|---|---|
| Q4 2026 | $250.1M | +1.9% |
| Q3 2026 | $295.7M | +10.6% |
| Q2 2026 | $229.3M | +8.7% |
| Q1 2026 | $268.8M | +5.6% |
| Q4 2025 | $245.5M | +21.0% |
| Q3 2025 | $267.4M | +24.8% |
| Q2 2025 | $211.0M | +25.1% |
| Q1 2025 | $254.5M | +29.4% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2025)
MMYT's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
MMYT Revenue Analysis (2009–2026)
Current Revenue & Growth
As of June 22, 2026, MakeMyTrip Limited (MMYT) generated trailing twelve-month (TTM) revenue of $1.04 billion, reflecting modest growth of +1.9% year-over-year. The most recent quarter (Q4 2026) recorded $250.1 million in revenue, down 15.4% sequentially.
Historical Growth Trajectory
MMYT's 5-year compound annual growth rate (CAGR) stands at +44.9%, indicating outstanding long-term growth trajectory. The 3-year CAGR of +20.7% is below the 5-year average, signalling a growth deceleration in recent years. MakeMyTrip Limited's highest annual revenue of $1.04 billion was recorded in 2026, an all-time high.
Revenue by Segment
MMYT's revenue is primarily driven by Hotels And Packages (59%), Air Ticketing (27%), and Bus Ticketing (14%). With over half of revenue concentrated in Hotels And Packages, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Consumer Cyclical sector peers — including BKNG (+15.0% YoY), EXPE (+10.0% YoY), and TCOM (+16.7% YoY) — MMYT has underperformed the peer group in revenue growth. Compare MMYT vs BKNG →
MMYT Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| MMYTCurrent | $1.0B | +1.9% | +44.9% | 14.7% | |
 BKNG | $26.9B | +15.0% | +31.7% | 34.5% | |
 EXPE | $14.7B | +10.0% | +23.2% | 13.4% | |
 TCOM | $60.7B | +16.7% | +27.1% | 25.3% | |
 TRIP | $1.9B | +2.0% | +25.6% | 4.2% | |
 ABNB | $12.2B | +12.6% | +29.4% | 20.8% |
MMYT Historical Revenue Data (2009–2026)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2026 | $1.04B | +6.7% | $583.5M | 55.9% | $153.9M | 14.7% |
| 2025 | $978.3M | +25.0% | $704.0M | 72.0% | $119.9M | 12.3% |
| 2024 | $782.5M | +32.0% | $567.4M | 72.5% | $65.2M | 8.3% |
| 2023 | $593.0M | +95.1% | $415.5M | 70.1% | $23.6M | 4.0% |
| 2022 | $303.9M | +86.0% | $245.2M | 80.7% | $-30,366,000 | -10.0% |
| 2021 | $163.4M | -68.0% | $141.1M | 86.4% | $-67,683,000 | -41.4% |
| 2020 | $511.5M | +5.3% | $357.2M | 69.8% | $-429,410,000 | -83.9% |
| 2019 | $486.0M | -28.0% | $312.6M | 64.3% | $-152,940,000 | -31.5% |
| 2018 | $675.3M | +50.9% | $499.4M | 74.0% | $-219,439,000 | -32.5% |
| 2017 | $447.6M | +33.2% | $273.7M | 61.1% | $-135,387,000 | -30.2% |
| 2016 | $336.1M | +12.1% | $169.0M | 50.3% | $-66,827,000 | -19.9% |
| 2015 | $299.7M | +17.3% | $138.9M | 46.4% | $-14,540,000 | -4.9% |
| 2014 | $255.4M | +11.6% | $106.4M | 41.7% | $-15,322,000 | -6.0% |
| 2013 | $228.8M | +16.4% | $88.2M | 38.5% | $-18,062,000 | -7.9% |
| 2012 | $196.6M | +57.6% | $88.2M | 44.9% | $4.0M | 2.0% |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
17+ years return with dividends reinvested.
DCA Calculator
See how regular investing compounds over time.
Peer Comparison
Compare growth, multiples, and margins vs sector.
MMYT — Frequently Asked Questions
Quick answers to the most common questions about buying MMYT stock.
Is MMYT's revenue growth accelerating or slowing?
MMYT revenue growth is slowing. TTM revenue is $1.0B, up +1.9% year-over-year — below the 5-year CAGR of +44.9%. The deceleration suggests maturing end-markets or increased competition.
What is MMYT's revenue history from 2009 to 2026?
MakeMyTrip Limited (MMYT) revenue history spans 2009 to 2026. TTM revenue as of 2026 is $1.0B, growing at +1.9% YoY. The 5-year CAGR is +44.9%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is MMYT's long-term revenue growth rate (CAGR)?
MakeMyTrip Limited's 5-year revenue CAGR of +44.9% reflects the variable nature of its business expansion. As of 2026, the current YoY growth rate of +1.9% is below this long-term average. CAGR is the most reliable measure of sustained revenue momentum for MMYT.
Why does MMYT's quarterly revenue fluctuate?
MMYT quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. MakeMyTrip Limited's revenue data from 2009 to 2026 shows full historical quarterly detail on this page.
How is MMYT's revenue distributed by segment?
MMYT reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does MMYT's revenue compare to industry peers?
MakeMyTrip Limited (MMYT) with TTM revenue of $1.0B and +1.9% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.